[This article is a piece of part 8 of our Smart and Simple Guide to Starting a Business - scroll to the end to see the other parts]
Before you get stuck into working through this guide in earnest, take the time to read the companion article about costs and suppliers here. You should also read through the resources we have put together to give you more background.
Time to get stuck in.
Step One: List out you costs – all of them.
This is the single most important thing you are going to do, because at this stage – before you have committed to anything - it is the way to stave off future financial problems by getting out ahead of them. So take you time and try to think of everything.
You can copy the table at the end of this article and past it into a spreadsheet as a starting point.
Break your costs up two ways (or more if that helps you) – at the very least into fixed and variable costs. These are the one-off costs that you need starting up, like a lease on a location, compared with the